A Cup and Handle Forming?

Hi Shoppers,

Here are the other two major index charts showing the signs of a possible cup and handle formation.

Invesco QQQ Trust (Ticker: QQQ):

 

IShares Russell 2000 Index (Ticker: IWM):

IWM has been leading the market lately and looks to have completed the cup formation.

This is the one to watch for that pullback to begin the creation of the handle.

Time will tell.

Enjoy your time off tomorrow!

Thanks for Reading … See You Next Tuesday.

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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